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1 21) On January 1, 2020, Apple Corporation purchased -a mineral mine-for-55,100,000 with removable-ore-estimated-by-geological surveys-at-2,000,000 tons. The property has an estimated value of $300,000 after

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1 21) On January 1, 2020, Apple Corporation purchased -a mineral mine-for-55,100,000 with removable-ore-estimated-by-geological surveys-at-2,000,000 tons. The property has an estimated value of $300,000 after theore has been extracted. The company incurred $1,500,000 of development costs preparing the mine for production. During-2020,-800,000 tons were removed and 500,000 tons were sold. What is the amount of depletion that Apple-should expense-for-2020? T

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